VATupdate

Share this post on

Scrapping VAT rebate for foreign shoppers ‘costing UK billions’

Extra sales generated by reinstating VAT-free shopping for tourists would outweigh losses associated with sales tax refunds by £2.3bn in 2023, according to a study by economic consultancy the Centre for Economics and Business Research.

Source: inews.co.uk



Sponsors:

Pincvision

Advertisements:

  • Exchange Summit